Kroma Announces Spectrum’s Launch Alongside Expansion Plans
14 Mayo 2024 - 6:30AM
Kroma has unveiled the highly anticipated launch of Spectrum, an
advanced, native, staking service that aims to revolutionize the
Ethereum Layer-2 landscape. Spectrum will commence operations on
the 14th of May, 2024, and is designed to provide users with an
opportunity to leverage the potential of staking ETH, stETH,
and eETH. By doing so, Spectrum empowers users to earn more within
the decentralized finance (DeFi) sector.
Revolutionizing DeFiThe launch marks a
significant milestone in the overall advancement of DeFi, as it
introduces spETH, which is a proprietary risk taking token meant
for synthetic assets. When users utilize spETH, they gain the
ability to maximize the liquidity for their respective staked
Ethereum assets, while simultaneously being given access to a wide
range of trading opportunities as well as additional earning
chances across the extensive DeFi protocols and applications within
the platform.
Spectrum has already garnered widespread acclaim
after successfully onboarding renowned decentralized applications
(dApps) like Standard Protocol, Light Bank, Layer Bank, Shoebill,
Zapanki Swap, Wellxy, PrixmSwap, and iZUMi Finance. This
integration is vital because it sets the stage for further
expansion down the line as Spectrum looks to continue its
innovative efforts towards integrating additional dApps going
forward.
How Is Spectrum Any Different?
In terms of how Spectrum sets itself apart from
various traditional staking platforms, it has introduced the
innovative ‘Hexa Reward’ aspect, which provides a total of six
rewards that also includes Ethereum APR, restaking rewards,
EigenLayer Points for staking Ethereum assets, Etherfi loyalty
points, KSP (Kroma Spectrum Point), and wemix.e airdrop. Kroma will
airdrop 40,000 wemix.e based on accumulated KSP to users, providing
a new type of re-staking reward. This benefit further underscores
why Kroma is attracting significant attention from both the
industry and users.
Spectrum’s unique infrastructure has already
drawn a lot of attention as the platform looks to position itself
as a frontrunner in DeFi. Furthermore, Spectrum ecosystem
participants are also rewarded with the KSP, otherwise known as
Kroma Spectrum Points. These are attainable by holding spETH or by
engaging in spETH-integrated device services and games on Kroma.
KSP will also eventually be exchangeable for KRO tokens once they
are released.
Lastly, in order to commemorate the launch,
Spectrum has announced that it will host a special two week early
access event which will double KSP points in order to enhance
rewards for stakers on the platform. Meanwhile, Kroma remains
steadfast in its dedication to working alongside other high-quality
projects in order to further expand Spectrum’s growing
ecosystem.
About SpectrumSpectrum is Kroma's
native staking solution that allows for high payouts through
restaking while leveraging staking tokens in a wide range of games
and DeFi ecosystems on Kroma. By operating on the Layer-2
blockchain platform, Kroma is able to address the
well-known scalability challenges associated with Ethereum while
simultaneously ensuring reliable security as well as
decentralization standards. Initially adopting an Optimistic Rollup
with zkEVM, Kroma shall ultimately transition to a full ZK Rollup
model.
For more information about Spectrum and Kroma,
visit the official website alongside
the Medium, Discord (Link
updated), and X channels for regular updates. There
is also a Referral Program for those who are
interested.
Disclaimer: The information provided in this press release
is not a solicitation for investment, nor is it intended as
investment advice, financial advice, or trading advice. It is
strongly recommended you practice due diligence, including
consultation with a professional financial advisor, before
investing in or trading cryptocurrency and securities.
Tani Jeong
tani (at) lightscale.io